Villa City ROAD, Groveland, FL, 34736 | $750,000

With so many people relocating this area bringing the demand of thousands of homes to be built, affordable housing is in higher demand than ever. This is the perfect site for a duplex community or townhome community with great location and potential curb appeal. Also possible, with a zoning change to light industrial, storage or even a daycare would do well in this location. Reach out to the City of Groveland and get your questions answered. You have to inquire in order to find out the true potential value of this property. This location is prime for up-and-coming area. Priced to accommodate the above type developments, but there is much more potential in this land. Located directly on the western inside curve of Villa City Rd with over 800' of road frontage. Perfect for a circle drive. Property has had fill dirt added already and leveled. Public utilities available. Do your research and bring your offer today. Buyer and/or buyer's agent to verify all details with municipality.

Features

  • Lot Size: Irregular
  • Elem. School: Groveland Elem
  • Middle School: Gray Middle
  • High School: South Lake High
  • MLS#: O6178542
  • Days on Market: 91 days
  • Website: https://www.raveis.com
    /prop/O6178542/villacityroad_groveland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 6:42:41 AM)
Listing courtesy of SGT YORKS REAL ESTATE SERVICES   Phone: 321-200-5522

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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Villa City ROAD, Groveland, FL, 34736

$750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.159% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,992 $3,988 $5,060
Total Monthly Payment $4,084 $4,080 $5,152

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.